realty-smokies

202 Spring Valley Road, Pigeon Forge, TN 37863

$2,490,000
Property Type: Residential Bedrooms: 20 Baths: 20 Square Footage: 11,036 Lot Size (sq. ft.): 21,780 Status: Active
Current Price: $2,490,000 List Date: 11/05/2025 Last Modified: 11/05/2025

Overview

Description

Great investment opportunity—Pigeon Forge, right off the parkway—great location! 16-unit apartment complex consisting of three large two-story buildings. There are 12 one bedroom units and 4 two bedroom units. All units are occupied, and some recent upgrades and remodels have been made. Showings are appointment only—call to set one up! Please note--the buildings were not built the same year. They were 1979, 1983, and 1990

Listing Details MLS# 308971

General Property Information

Stories Total
2
Lot Size Dimensions
220.47 X 129.66 IRR
Lot Size Acres
0.5
Lot Size Source
Public Records
Living Area
11036
Living Area Source
Public Records
Above Grade Finished Area
11036
Bedrooms Total
20
Bathrooms Total
20
Bathrooms Full
20
Garage YN
No
Fireplace YN
No
Year Built
1983
Bonus Room YN
No
Sign On Property YN
No
Home Warranty YN
No
Furnished
Unfurnished
Construction Type
Site Built
List Price/SqFt
225.63
Below Grade Finished Area
0
Below Grade Unfinished Area
0
Unfinished Area Total
0
Bathrooms Half
0
Garage Spaces
0

Property Features

Appliances: Electric Range; Refrigerator Architectural Style: Traditional Attic Features: None Basement: None Construction Materials: Frame; Wood Siding Cooling: Central Air Current Use: Multi-Family; Residential Documents: TN Confirmation of Agency Documents Available: Aerial Photo Exterior Features: Rain Gutters Flooring: Carpet; Luxury Vinyl; Vinyl Foundation Details: Slab Heating: Central Laundry Features: Common Area; Laundry Closet Levels: Two Listing Terms: Fee Simple Improved Lock Box Information: Call Listing Office; See Remarks Lot Features: City Lot; Level Parking Features: Off Street Patio And Porch Features: Covered Possession: Close Of Escrow Road Frontage Type: City Street Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Composition Sewer: Public Sewer Utilities: Electricity Connected; Sewer Connected; Water Connected Water Source: Public Showing Considerations: See Remarks Showing Requirements: Appointment Only; Call Listing Agent; Restricted Hours; See Remarks

Location Tax and Legal

Street Number
202
Street Name
Spring Valley
Street Suffix
Road
County
Sevier
State
TN
Zip Code
37863
Property Sub Type
Multi Family
MLS Area Major
Pigeon Forge
Subdivision Name
Other

Contract Information

Original List Price
2490000
Listing Contract Date
2025-11-03
Auction YN
No
Owner Name
Spring Valley Partners Gp
Listing Agreement
Exclusive Right To Sell
Occupancy
Either
Occupant Type
Tenant
Association YN
No

Remarks and Miscellaneous

Public Remarks
Great investment opportunity—Pigeon Forge, right off the parkway—great location! 16-unit apartment complex consisting of three large two-story buildings. There are 12 one bedroom units and 4 two bedroom units. All units are occupied, and some recent upgrades and remodels have been made. Showings are appointment only—call to set one up! Please note--the buildings were not built the same year. They were 1979, 1983, and 1990
Directions
When coming from Gatlinburg, right before leaving the spur and entering Pigeon Forge look on your right for sign saying Spring Valley Rd. if you're coming from Pigeon Forge you'll have to go into spur take first bridge to other side then come on down to Spring Valley Rd on right before you enter Pigeon Forge

Status Change Information

Major Change Timestamp
2025-11-05T04:26:29Z
Major Change Type
New Listing
Status Change Timestamp
2025-11-04

More Information

Parking Features

Open Parking YN
Yes
Off Street
Yes

Location, Tax, and Legal

New Construction YN
No
Restrictive Covenants YN
Yes
Zoning
C2
Zoning Entity
City
Parcel Number
095 04801 000
Tax Lot
No
Book/Page/Doc #
6608/669
Tax Annual Amount
3946.51
Tax Year
2024
City Tax
396.28
County Tax
3550.22
Elementary School
Pigeon Forge Primary
Middle Or Junior School
Pigeon Forge Junior High
High School
Pigeon Forge High

Appliances

Electric Range
Yes
Refrigerator
Yes

Architectural Style

Traditional
Yes

Attic Features

None
Yes

Basement

None
Yes

Construction Materials

Frame
Yes
Wood Siding
Yes

Cooling

Central Air
Yes

Current Use

Multi-Family
Yes
Residential
Yes

Documents

TN Confirmation of Agency
Yes

Documents Available

Aerial Photo
Yes

Exterior Features

Rain Gutters
Yes

Flooring

Carpet
Yes
Luxury Vinyl
Yes
Vinyl
Yes

Foundation Details

Slab
Yes

Heating

Central
Yes

Laundry Features

Common Area
Yes
Laundry Closet
Yes

Levels

Two
Yes

Listing Terms

Fee Simple Improved
Yes

Lock Box Information

Call Listing Office
Yes
See Remarks
Yes

Lot Features

City Lot
Yes
Level
Yes

Patio And Porch Features

Covered
Yes

Possession

Close Of Escrow
Yes

Road Frontage Type

City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Road Surface Type

Paved
Yes

Roof

Composition
Yes

Sewer

Public Sewer
Yes

Utilities

Electricity Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Water Source

Public
Yes

Showing Considerations

See Remarks
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes
Restricted Hours
Yes
See Remarks
Yes
Listing Office: Karen Whitlock Realty
Last Updated: November - 05 - 2025
Information deemed reliable but not guaranteed.